Phoebus wins Global Award

Phoebus Software, the software house for mortgage lenders, scooped the Outstanding Pricing Model Award at this year’s Global Business Excellence Awards.

Open to organisations of any size, based anywhere in the world, entries are encouraged from those that feel they are working smarter than their competitors to create a business edge.

Other winners include Lloyds Banking Group, which won an award for Outstanding Customer Service Relationship Management and intermediary network Mortgage Intelligence, which won an award for Outstanding Mortgage Network.

Commenting on Phoebus Software’s award, Simon Burgess, chairman of the judges said: “Phoebus understands that it is not enough to have a cutting edge lending platform without an equally attractive pricing structure to match - especially given the current economic climate. When pricing their technology platform they have acknowledged that start-ups, in particular, don’t always have access to large technology budgets. And because the client is central to Phoebus’s thinking, they have reduced the risks clients face when moving systems. So with their innovative and progressive approach to charging clients, Phoebus have removed the primary barrier to market entry. This mix of an excellent product coupled with an attractive pricing model has enabled the company to deliver a compelling proposition that sets it apart from the competition.”

Paul Hunt, managing director of Phoebus Software, said: “I am very pleased that the low upfront costs Phoebus charges have been recognised in this way. By giving clients the option to rent out our software - and charging them a percentage of the book value, Phoebus has become more attractive to lenders and servicers, and new servicers in particular.”